The best description of budget is a budget is a plan for estimating income and expenses for a set period. The correct option is (C).
<h3>What is budget?</h3>
A budget is a calculating plan, typically financial but not always, for a specific time frame, typically one year or one month.
Predicted sales and revenue amounts, resource quantities (such as time, costs, and expenses), environmental impacts (such as greenhouse gas emissions), other impacts, assets, liabilities, and cash flows are all possible inclusions in a budget.
In a budget, intended expenses are expressed together with suggestions for how to fund them. A budget can show a surplus of resources for later use or a deficit if expenses are greater than income or other resources.
Therefore, the best description of budget is a budget is a plan for estimating income and expenses for a set period.
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